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, how much would he have to invest to have

, how much would he have to invest to have

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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M A ALEKS-Harley Biltoc - Learn O Exponential and Logarithmic Functions Finding the present value of an investment earning compound interest Explanation Check X www-awu.aleks.com S myPascoConnect To help with his child's college fund, Josh needs to invest. Assuming an interest rate of 2.17% compounded monthly, how much would he have to invest to have $64,700 after 15 years? Do not round any intermediate computations, and round your final answer to the nearest dollar. If necessary, refer to the list of financial formulas. 15 Portal Harley V Español K © 2023 McGraw Hill LLC. All Rights Reserved. Terms of Use Privacy Center Access-bility C
Transcribed Image Text:M A ALEKS-Harley Biltoc - Learn O Exponential and Logarithmic Functions Finding the present value of an investment earning compound interest Explanation Check X www-awu.aleks.com S myPascoConnect To help with his child's college fund, Josh needs to invest. Assuming an interest rate of 2.17% compounded monthly, how much would he have to invest to have $64,700 after 15 years? Do not round any intermediate computations, and round your final answer to the nearest dollar. If necessary, refer to the list of financial formulas. 15 Portal Harley V Español K © 2023 McGraw Hill LLC. All Rights Reserved. Terms of Use Privacy Center Access-bility C
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